Susquehanna Sees Financial Buyer Offering $10.50-$11.50/Share for Janus (JNS)
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Price: $14.17 --0%
Rating Summary:
1 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 7 | New: 5
Rating Summary:
1 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 7 | New: 5
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In a morning research note Thursday, Susquehanna's Jonathon Casteleyn is suggesting a lofty takeout value for Janus (NYSE: JNS).
The analyst believes a strategic buyer could offer the company as much as $18 per share. A financial buyer, in a bullish case, could bid around $10.50-$11.50 per share for the company.
Susquehanna maintains a Positive rating and $14 price target on shares of Janus.
The stock closed Wednesday's session at $7.30, suggesting a good deal of upside from here.
The analyst believes a strategic buyer could offer the company as much as $18 per share. A financial buyer, in a bullish case, could bid around $10.50-$11.50 per share for the company.
Susquehanna maintains a Positive rating and $14 price target on shares of Janus.
The stock closed Wednesday's session at $7.30, suggesting a good deal of upside from here.
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